Post
Topic
Board Nigeria (Naija)
Re: Impact of cryptocurrency to national security
by
Spaceman1000$
on 04/06/2024, 22:32:22 UTC
No society can move forward when the lives and properties of her innocent citizens is not guarantee. Insecurity is a great obstacle that hinder development in every societies. A nation that is facing unprecedented security challenges is a like a leaking ship in the middle of the ocean that has little or no chance of staying afloat.
The major root of insecurity in our society today is unemployment, hardship, corruption and poor economy policies that does not focus on creating opportunities for the people thereby leaving the people with the choice of surviving by all means, for instance, we have high rate of unemployment and security challenges in Nigeria because of the nature of our economy that have subject the people to engage in some illegal activities in other to survive. However, the emanation of cryptocurrency is a great antidote to insecurity in the country because of the potentials opportunities it has created in the country in terms of poverty eradication and financial independency. Cryptocurrency is now a full time sustainable career to a lot of people that might have been rolling round the street looking for a way of surviving.
Cryptocurrency can actually do it's own bit especially to help mitigate the unemployment rate in our country if the youthful population gets involved. But don't forget that, Nigeria is a country of over 200 millions persons with more than half of that population submerged in poverty, so there is little cryptocurrency activities can do given the fact, a good of that population is not literate enough to understand intricacies involved with cryptocurrency. So for me, the onus lies with Government to rise up to the accommodation and nip the situation in the bud by improving the Power sector, so that small scale medium enterprises can strive, engage the population on productive schemes.